Gooseberry contributes to Asamera loss
Operations at the Gooseberry mine and tailings project in Nevada were recently suspended by owner Asamera Minerals (TSE) because the project is not economically viable at current gold and silver price…
News
NovaGold buying Pine Cove option
Halifax company NovaGold Resources (TSE) has agreed to acquire International Corona’s (TSE) right to earn a 70% stake in the 2,850-hectare Pine Cove gold property in Newfoundland. Since signing an opt…
Dromedary to earn La Choya interest
An option to buy the La Choya gold project in Mexico was recently acquired by Hecla Mining (NYSE). Should Hecla decide to place the property into production, Dromedary Exploration (VSE) has the right …
Westmin reports quarterly loss
A $10.7-million loss was reported by Westmin Resources (TSE) for its 1991 third quarter ended Sept. 30, a sizable increase over the $3.2-million loss reported for the comparable period a year earlier….
PRODUCER PRICES (December 09, 1991)
ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Nov. 26, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
MacMillan Gallery to open on GSC’s 150th anniversary
The Pinch mineral collection will settle into its permanent home here in the Viola MacMillan Gallery at the Canadian Museum of Nature in March. The opening will be the culmination of eight years’ effo…
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Halifax-based NovaGold Resources (TSE) expects to begin a second drill program on its base metal property in the California Lake area of northeastern New Brunswick after receiving results from the fir…
MacBride Lake returns zinc values
Drilling on the MacBride Lake property near Lynn Lake, Man., returned a number of zinc and copper intersections for Eastmin Resources (VSE) and Bellex Resources (VSE). Bellex is earning a 49% interest…
Curragh puts Westray coal mine up for sale
Raising money to build new mines in Canada can be a trying experience, especially in today’s tough market conditions. Lead-zinc producer Curragh Resources (TSE) recently cancelled a planned debenture …
Alberta Stock Exchange (December 09, 1991)
With three option agreements in hand, Goldhunter took off during the week ended Dec 3., gaining 20 cents to close at 46 cents. Goldhunter, which holds property on the western and northern boundaries o…
Brenna in venture with Soviet firm for gold exploration
California-based Brenna Resources (VSE) has signed a joint venture deal to conduct exploration in the Uzbekistan Republic, site of about 30% of the Soviet Union’s gold reserves. In a joint venture wit…
Deak, Kennecott drilling near Kerr
A $1-million exploration program funded by Toronto-based Deak Resources (TSE) and Kennecott Canada has commenced on claims adjoining Deak’s Kerr gold mine and mill at Virginiatown, Ont. Using the unde…